The global economy

In May 2023, the currency of South Africa, the rand (ZAR), depreciated to a near-historic low against the US dollar.

Explain one economic advantage of having a depreciating currency for an economy such as South Africa.

[3]

In May 2023, the currency of South Africa, the rand (ZAR), depreciated to a near-historic low against the US dollar.

Explain one economic advantage of having a depreciating currency for an economy such as South Africa.

[3]

The global economy Questions